India

Elsewhere on the Web provides updates and links to articles related to cash, money and payments curated on the web.

The smooth circulation of coins is a pain point in the cash cycle. The RBI innovates by deploying vending machines to enhance access to coins.

Elsewhere on the Web provides weekly updates and links to articles related to cash, money and payments curated on the web.

Debates on citizens' constitutional right to use cash occur in courts and public arenas worldwide.

A new ATMIA position paper calls for Universal Cash Deposit, an interoperable solution whereby a customer from one bank may deposit cash at ATMs owned and operated by other banks or ATM deployers.

The ATM networks of Bangladesh and India have expanded during the first year of the Covid-19 pandemic. In Bangladesh, ATM transactions increased in 2020; in India, currency holdings in the public’s hands grew 17.4% during the pandemic.

Digital platforms regularly encourage and sometimes force users to pay tips to provide a “seamless” customer experience. In fact, this practice enables tech companies to withhold part or all of gig workers’ tips.

Using data from a continuous household consumption survey, economists Renuka Sane and Ajay Shah analyse both the levels of household borrowing as well as the sources of lending. They conclude that fewer households borrow but more rely on family and friends as well as shops.

According to the recently published Annual Report of the Reserve Bank of India, cash in circulation grew by 14.7% in value and 6.6% in volume between March 2020 and March 2019.

Indian Bank launches a mobile ATM service for safe and accessible cash withdrawal.

India’s popular Payments App, PhonePe allows customers to withdraw cash free-of-charge from shops that the company has partnered with.

ICICI Bank of India has launched a cardless cash withdrawal service, where customers no longer require a payment card to withdraw cash from ATMs.